Financial Do’s and Don’ts for Young Pastors

One of the things Bible college or seminary doesn’t teach you, is how to handle finances in ministry. I am a young pastor and money is not my thing. I either spend too much or save too much. I’m not the best with managing a budget and sometimes spend money on things that are not necessary. The good news is I’m learning. I’m learning how to save and spend when I need to. I’m learning how to manage a budget. I am doing what all young pastors should do-learn.

From that opening paragraph your probably wondering why I am writing a post on financial do’s and don’ts. I am kind of wondering the same thing, but I do believe I have some practical advice that is helping me that will also help you.

Financial Don’ts for Young Pastors

  1. Waste your budget right out of the gate.
  2. Handle all your finances on your own.
  3. Spend it on “wants” of the ministry rather than “needs” of the ministry.
  4. Spend your own personal money for your ministry when you can use your budget.

Financial Do’s for Young Pastors

  1. Pray over your budget (Ask God to use it for His will)
  2. If you need help with finances, ask!
  3. Be open and honest about your spending from your budget.

I know this list is short, but I don’t believe we need to make finances any more complicated than they already are. God gives us money and resources to use to expand His kingdom. If there is any advice that I would say rookie pastors MUST remember is this-your money and the churches money is not yours, it’s God. Let Him use it the way He sees fit and follow His leadership.

This post was originally a guest post I wrote for RookiePastor.com. Rookie Pastor is a great site for young pastors who are looking for practical resources and tips for church ministry.